Zurich Insurance Group has reported its financial results for the first nine months and third quarter of 2012.
In the first nine months of the year the firm reported a business operating profit of US$3.2bn and net income attributable to shareholders of US$2.7bn.
This is a decline from the corresponding period last year, when the firm made an operating profit of US$3.3bn, with a net income of $3.2bn.
Third quarter business operating profit was US$733m, with net income attributable to shareholders of US$477m.
The quarterly results were significantly lower, year-on-year, than the previous results of US$1,117m operating profit and US$1,239m net profit.
Chief Executive Officer Martin Senn stated that the firm’s strong underlying profitability was proof that its strategy was delivering.
Senn added that he was pleased to see a robust performance in the US, as well as success in emerging markets in Latin America and Asia.